Creating a will is not just about legalities—it’s about leaving a legacy that reflects your values, relationships, and impact on the world. November’s “Make a Will Month” encourages us all to take this important step, but what does it really mean to leave a legacy, and how can a will support that?
Leaving a Legacy: Beyond Famous Names and Grand Gestures
When we think of leaving a legacy, it’s easy to picture famous philanthropists, artists, or leaders who leave behind remarkable contributions. However, leaving a legacy is something each of us can do, regardless of fame or fortune. At its core, a legacy is about passing on what matters to you, whether it’s cherished possessions, assets, or contributions to meaningful causes.
For some, legacy means gifting treasured personal items or assets to family and friends. This can include your home, heirlooms, jewelry, or digital assets like frequent flyer points or online accounts. For others, legacy involves supporting causes that matter deeply to them, ensuring those organizations continue to thrive with the support you leave behind. However, you define it, making a will is the essential first step in bringing your legacy to life.
Common Myths about Wills and Estate Planning
Myth 1: "I’m too young to think about a will."
Life is unpredictable, and having a plan ensures your wishes are honored. Whether it’s your social media accounts, pets, or personal possessions, a will allows you to make those decisions yourself.
Myth 2: "I don’t have enough assets to need a will."
Regardless of wealth, most people have something they wish to pass on, whether sentimental items, savings, or digital assets. A will can provide instructions on how even small items are handled and prevent family conflicts.
Myth 3: "Creating a will is too difficult or costly."
Today, many affordable digital options and legal professionals make will creation accessible. In fact, 21% of younger Canadians who made wills did so with the encouragement of a trusted advisor.
Myth 4: "Acting as an executor is straightforward."
Being an executor can be complex, especially as estates become more intricate. From legal obligations to managing family expectations, the role requires patience and knowledge. Appointing a trustworthy or professional executor can ease the process.
Leaving a Legacy that Reflects You
Legacy planning is not just for older generations. Many younger Canadians recognize its importance, with over half of 18- to 34-year-olds expressing a commitment to charitable giving through their wills. Having a plan can provide a powerful way to impact the world positively, even after you’re gone.
So, what does leaving a legacy mean to you? Whether it’s supporting the people you love or causes close to your heart, making a will is a valuable first step toward leaving a lasting impact.
Plan for Today, Protect Tomorrow
At the Lung Health Foundation, we’re committed to improving lung health for all Canadians. By including a legacy gift in your will, you can help us continue our vital work for generations to come.
Our partnership with Epilogue Wills brings you a Will Planner tool to help secure your loved ones’ future. Join others in taking this easy, affordable step toward peace of mind—protect today, and plan for tomorrow with confidence.